Taxdoo raises 57 million euros

Taxdoo aims to support online retailers with its platform. The start-up wants to use the capital to grow further.

The Hamburg-based start-up Taxdoo has raised 57 million euros. Tiger Global led the financing round, with additional funding coming from existing investors Accel, Visionaries Club and 20VC. This brought the total funding to 74 million euros. Last year, the start-up already received 17 million euros(we reported).

"Our Series B financing enables us to push ahead with our plans even faster and expand our platform to other customer groups and regions in the next step," says Taxdoo Managing Director and co-founder Christian Königsheim. The company plans to use the fresh capital to expand in Europe and double its workforce by the end of 2022.

Matthias Allmendinger, Roger Gothmann and Christian Königsheim founded Taxdoo in Hamburg in 2016. The start-up offers a tax and financial compliance platform for online retailers. Its customers include start-ups such as Ankerkraut and Social Chain and large companies such as Beiersdorf. Taxdoo has been growing strongly since last year, with the number of employees rising from 45 to more than 170, according to the company's own figures.